SAN FRANCISCO - Canadian stocks edged higher Tuesday after the Bank of Canada maintained its overnight rate at 1% as had been widely expected. "The global economic recovery is proceeding at a somewhat faster pace than the Bank had anticipated, although risks remain elevated," the Bank of Canada said in a statement. The S&P/TSX Composite Index was up 0.4% at 13,490 in recent dealings. The gold sector was among the bigger gainers, with the S&P/TSX Global Gold Index up 1%. Shares of Eldorado Gold Corp. climbed 1.5% and Iamgold Corp. rose 4.6%. Shares of Research in Motion Ltd. were up 0.8% as Apple Inc. shares fell 4.1% ahead of its quarterly results, following news that CEO Steve Jobs will be taking a medical leave. In currencies trading, the U.S. dollar was up 0.2% to buy 98.86 Canadian cents.

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